Kane Realty Corp, Williams Realty & Building Co. And Lionstone Investments Secure $134M Refinance For Smoky Hollow In Raleigh

The property asset involved in the context is a development site located at 421 North Harrington Street in Raleigh, NC. The site encompasses 283 units and has received a refinance loan amounting to $134,000,000. This asset is designated for mixed-use development, featuring Class A offices and apartments.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $134,000,000
• Loan Type: Refinance
• Landlord: Kane Realty Corp, Williams Realty & Building Co. and Lionstone Investments
• Broker: Travis Anderson, Colby Mueck & Warren Johnson - JLL
• Market: Raleigh, NC

Key individuals and companies involved in the transaction include Barings, which provided the refinance loan for the Smoky Hollow project. The lenders and brokers participating in the deal are crucial players in the financial and operational aspects of this development project.